TORONTO, March 07, 2022 (GLOBE NEWSWIRE) — New mortgage growth declined by 8.1 per cent in Q4 2021 when compared to Q4 2020 according to Equifax Canada’s most recent Market Pulse consumer credit trends and insights report. The biggest drop in new mortgages was seen in some of the hottest housing markets like Toronto and Hamilton with a 16.1 per cent and 18.7 per cent drop respectively when compared to Q4 2020.

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